Noticed a pay-per-use service on the Statistics Canada website entitled CANSIM. The socio-economic database is updated daily and provides fast and easy access to a large range of statistics. Most of the information is for Canada but there are some US statistics as well. The charge is CDN$3.00 per data field.

For personal interest I downloaded data for two parameters - Canadian M1 Money Supply and the Federal Debt.

There is a similar rise in the M1 money supply staring in 1994 which is approximately the same time when the US started to rapidly increase their M2 and M3.

In 2001, the federal net public debt was over $545 billion, equivalent to just over 50% of GDP. The cost of servicing that debt was about $45 billion, amounting to 26% of all government spending. In recent years, the Canadian government has been reducing the federal debt. Since 1997, the federal debt has been reduced by nearly 13%.

Published on http://DollarDaze.org - May 29, 2007.

_____

© 2007 DollarDaze

ABOUT THE AUTHOR

Mike Hewitt is the editor of DollarDaze.org, a website pertaining to commentary on the instability of the global fiat monetary system and investment strategies on mining companies. His website also provides a no-cost market data feed service with up-to-date quotes on currency exchange rates, commodity prices and major indices. Mike can be emailed at mikehewitt@hotmail.com.

add to technorati  | reddit  | add to del.icio.us  | add to furl  | stumble it!

This article has been favorited 0 times on DollarDaze.org | Make this your favorite article

Posted in Economic Theory, Mike Hewitt